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Purdue SMIFPurdue SMIF
Performance

Benchmarked.
Transparent.
Quarterly.

Measured against the S&P 500 Total Return Index (SPY). The fund was established in 1995; the audited monthly series begins October 2013, when it moved to its current custodian.

1Y Return
+16.7%
5Y Annualized
+9.2%
Inception Annualized
+5.2%
Max Drawdown · 5Y
-21.6%
Measurement window
Applies to the analytics and monthly chart below. The annual table and the 1Y / 5Y / inception cards above are unaffected.

Risk & return analytics

58 mo · monthly basis
Cumulative Return
+55.6%
Trailing 5 years
Annualized Volatility
14.7%
Std. dev × √12
Sharpe Ratio
0.63
rf 0%
Sortino Ratio
1.03
Downside, rf 0%
Beta vs S&P 500
0.87
Monthly
Annualized Alpha
-4.2%
vs SPY, rf 0%
Tracking Error
5.9%
Annualized
Information Ratio
-1.04
Active return / TE
Best Month
+11.2%
Worst Month
-9.2%
Positive Months
60.3%
Correlation to S&P 500
0.93

Computed from monthly SMIF and S&P 500 total-return (SPY) returns since Apr 2021 (trailing 5 years), excluding custodian-transition bridge months. Sharpe and Sortino assume a 0% risk-free rate; alpha, beta, and correlation are measured against the S&P 500 total-return index.

Trailing 5 years · Monthly · updated Jun 2026

Growth of $1 since Apr 2021

SMIF returns derived from monthly custodian statements (Modified Dietz for months with external cash flows). S&P 500 benchmark is SPY adjusted close (total return, includes reinvested dividends). Custodian-transition months (Nov 2024, Mar 2025) bridged at 0% return.

Annual · Audited Years

Growth of $1 since 2018

YearSMIFS&P 500 TRSpread
2024+22.4%+24.2%-1.8%
2023+27.1%+26.3%+0.8%
2022-15.8%-18.1%+2.3%
2021+29.6%+28.7%+0.9%
2020+19.2%+18.4%+0.8%
2019+30.1%+31.5%-1.4%
Methodology & disclaimer

Data source: monthly NAV series maintained by the fund. Daily quotes on the Holdings page are Polygon.io end-of-day closes, refreshed daily after the market close.

Methodology: monthly returns are computed on a Modified Dietz basis to account for intra-month contributions and withdrawals. The benchmark is the S&P 500 Total Return (SPY, dividends reinvested).

Measurement window: the risk and return analytics and the monthly chart default to the trailing five years, the period with the most complete custodian data. Growth and drawdown are re-based to the start of whichever window is selected, so a five-year drawdown is the deepest fall within those five years rather than an all-time figure. The full record since October 2013 remains available from the window control, and the annual table below is always the complete series.

Past performance does not guarantee future results. see the latest annual report for audited figures.